If you're ever a bear and wrong, you'll likely lose your job.
But if you're a bull and wrong, that's OK.... almost everybody else is wrong too.
Trading a Bear Market Crash: newbs are fkd, Why don't talking heads help?
- Thread starter KCalhoun
- Start date
If you're ever a bear and wrong, you'll likely lose your job.
But if you're a bull and wrong, that's OK.... almost everybody else is wrong too.
Well if they just have less than a couple year's experience, they shouldn't be trading in the first place. They are supposed to be learning about the instrument(s) that they are trading, studying the market and coming up with a solid trading plan first. And when they start to trade, they are supposed to start small and trade in small position size first so they wouldn't be shitting their pants trading.
If they don't, that's their problem. Trading is a cutthroat business. Nobody owes anybody the obligation to tell anybody anything.
not for stocks like Lehman Brothers, Barings Bank ...
i know it as- “the highway to hell is paved with good intentions”
always liked that and also; “no good deed goes unpunished”
In theory i know how to hedge with put options— in practice, it’s never enough and timing is difficult.
as a rule, i never suggest trades to anyone. Buy-hold-forget. I think I just showed why msm always says buy and hold.
I'm a newb that got rekt this morning the other way. i went short soon after the open with SDS. Stuck with my "strategy" and sold for a 60 cent loss on 2000 shares (mistake on my part, meant to buy 1000).
So it cuts both ways. I didn't need the talking heads to tell me how to short. I knew just enough to hurt myself without them LOL
So it cuts both ways. I didn't need the talking heads to tell me how to short. I knew just enough to hurt myself without them LOL
correct. Therefore it is my interpretation and quote marks are not needed.
In highly, volatile markets, you got to be nimble and ready to bail if the trend of your stocks changes. That is my experience the past 2 days. Got out with tiny losses on 5 stock options. I just have 1 position right now. I could also, get stopped on that one. Looking for stocks to trade too at the same time. You are not going to win each trade. That is reality. Also, you could lose a lot of trades you put on. What matters is the size of the losses. Teeny tiny losses should not faze you. One large winner most times is enough to cover those tiny losses. If you get several large winners, then, you are ahead already.
1. ANY market can be traded.
2. To trade the market well, most of your plays need to be on the same side as the market's current bias... and you must use stops if you care about surviving.
3. Thanks to the Fed's constant "juicing", the majority of today's market players do not understand anything other than, "BTFD... market always goes up"... which is mostly correct, but not all. And it takes only 1 or 2 major mistakes to destroy 20 years of investing "success".
(Saw a post earlier where the guy says, "I keep BTFD and buying upside MA crossovers" and I keep losing over and over. I'm confused. DUH!)
2. To trade the market well, most of your plays need to be on the same side as the market's current bias... and you must use stops if you care about surviving.
3. Thanks to the Fed's constant "juicing", the majority of today's market players do not understand anything other than, "BTFD... market always goes up"... which is mostly correct, but not all. And it takes only 1 or 2 major mistakes to destroy 20 years of investing "success".
(Saw a post earlier where the guy says, "I keep BTFD and buying upside MA crossovers" and I keep losing over and over. I'm confused. DUH!)
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LOL\good sarcasm.
One advantage SPY + SH has = no leverage.SURE i have SPXL+ SDS ..... on my trade notebook, but SPXL[spyX3] is getting smashed all year.
I cut enough losses in JAN in SPXL. Good looking printed 3 year weekly chart on SPXL weekly chart was $ 108\ its still down \$97.77 upticking today